Class Warfare Blog

September 11, 2019

Socialism Bad, Capitalism Good

I am not going to state anything novel here but will reinforce things already said. Currently there is an aspect of our political discourse that is summed up by the title of this post. It is, of course, false. What the “defenders of capitalism” are arguing for is the status quo in which we have a quasi-capitalist system, but one that protects the rich and screws the poor.

Think back on the Great Recession of 2008. If you are a pure capitalist, then a great many financiers, bankers, investors, and brokers should have lost all their money (everything but the bare minimums allowed in bankruptcy proceedings). Through greed they backed the wrong horses.

But the word “bailout” then comes to mind. To coin a phrase “there are no bailouts in capitalism” just as “there is no crying in baseball.” If you have taken college-level courses in capitalism, nowhere will you find governmental bailouts as a structural part of capitalism. These sweet deals are brokered by rich people with the people who serve them to protect their wealth.

It was argued that “we couldn’t let such-and-such a bank or insurance company fail.” Wha? Failures is what capitalists brag about. It is what keeps them sharp. It is the leading edge of “competition.” Without failure, just what is capitalism? All of those people should have failed and learned from the experience . . . or not. So, what did they learn instead? A sucker is born every minute?

So, when you hear anti-socialist rhetoric realize that it is from the wealthy, or paid for by the wealthy, to protect the good deal they have going, nothing more and nothing less. And this is actually rebounding upon the rich. Younger Americans hear the anti-socialism rhetoric and they think “Ah, this is what we need to counter those greedy ass hats.” The young are embracing socialism more and more as the rhetoric against it is ramped up. And the harder the rich squeeze the poor and middle class, the more these younger Americans are embracing some form of democratic socialism.

They also aren’t stupid. They see countries like Sweden which are capitalist, just not capitalist as we are. They have a form of democratic socialism, in which the inherent negatives associated with capitalism are suppressed. The government acts on behalf of the people and offers basic services that seem to be the norm in civilized countries. They recognize, as do all thinking people except captured economists and bought politicians, that capitalism is self-destructive unless it is controlled significantly. In this country, the wealthy have turned phrases such as “government regulation” and “unearned income” into either non-terms or epithets. Why would they want there to be no controls on capitalism? Because in this country, when things go well, they profit enormously, and when the crashes inevitably happen, their paid-for politicians step in and the “public” bails them out. This heads I win, tails you lose system benefits only the wealthy, so their support of it is no surprise. The actual surprise is the support existing in the general population for this robber baron mentality.

15 Comments »

  1. This country USED to have a combination of socialism & capitalism, it was called THE NEW DEAL. That, and The Great Society, were fully in place until neoliberalism, ushered in with the Reagan Revolution and helped by the likes of the Clintons, killed that oh-so-workable combination. Some of us are old enough to remember those wonderful days. They weren’t perfect but they were a hell of a lot better than what we have now.

    Liked by 1 person

    Comment by silverapplequeen — September 11, 2019 @ 10:06 am | Reply

    • Yep, starting with the Powell Memo and then was carried on by the “Reagan Revolution,” much of the New Deal and Great Society elements have been done away with. The ricj hated the New Deal and vowed to exterminate it, a vow they have passed down to two or three generations of the rich.

      On Wed, Sep 11, 2019 at 10:06 AM Class Warfare Blog wrote:

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      Like

      Comment by Steve Ruis — September 11, 2019 @ 10:33 am | Reply

  2. Democratic socialism, like in Australia, has to be fought for every year.

    Like

    Comment by john zande — September 11, 2019 @ 1:29 pm | Reply

    • We are many, they are few … unfortunately they have almost all of the money under their control, and hence the politicians.

      On Wed, Sep 11, 2019 at 1:29 PM Class Warfare Blog wrote:

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      Liked by 1 person

      Comment by Steve Ruis — September 11, 2019 @ 1:33 pm | Reply

      • Unions still have power, but it’s nothing like it was. John Howard was a union-buster.

        Like

        Comment by john zande — September 11, 2019 @ 5:01 pm | Reply

  3. Ah yes, reminds me of another good song from my younger days. One line went like this; “They have the guns, but we have the numbers”. We still outnumber the greedy rat bastards. Oh, and some of us have guns and ammo as well. We also know how to use them. How many of the rich (aka; ruling class) have ever been to war? How many of them ever been shot at by another human being who was trying to kill them? Me? Been there, done that, even bought the damn T-shirt.

    Like

    Comment by Walter Kronkat — September 12, 2019 @ 12:53 pm | Reply

    • So, you went to war and all you got was a crummy tee shirt? Sounds like a deal the elites would cut.

      On Thu, Sep 12, 2019 at 12:53 PM Class Warfare Blog wrote:

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      Liked by 1 person

      Comment by Steve Ruis — September 12, 2019 @ 1:06 pm | Reply

    • So what if the rich people never went to wars and never shot anyone. They can hire poor people who did to shoot at the rest of the poor people when they get out of line.

      Like

      Comment by List of X — September 15, 2019 @ 7:51 am | Reply

  4. Oh no. I have memories, the sort nobody should have in their own worst nightmares.
    As to that old T-shirt, I call it my church shirt. Why, you may ask. Because it is so holy (it is full of holes).

    Liked by 1 person

    Comment by Walter Kronkat — September 12, 2019 @ 3:46 pm | Reply

    • Dam I just used that joke in a comment on another’s post. (Scripture is considered holy because there are so many holes in the stories.)

      I guess it is just another case of great minds thinking alike!

      On Thu, Sep 12, 2019 at 3:46 PM Class Warfare Blog wrote:

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      Like

      Comment by Steve Ruis — September 17, 2019 @ 9:38 am | Reply

  5. “The measure of the state’s success is that the word anarchy frightens people, while the word state does not.” – Joseph Sobran

    Like

    Comment by Ed Martin — September 14, 2019 @ 7:26 am | Reply

  6. The width of the text in this blog is way too wide for the size of the type, making it hard to read. I don’t understand why anyone would format it in this crappy way.

    Like

    Comment by emjayay — September 14, 2019 @ 11:12 am | Reply

    • Dude, you control the appearance from your end. If the column is too wide, narrow the window. It adjusts automatically! Wow!

      Like

      Comment by Steve Ruis — September 14, 2019 @ 12:39 pm | Reply

  7. Good points in there but democratic socialism is not the answer. The system is a bourgeois democracy. So we must take power all the way. “If voting changed anything, they would make it illegal.”-Emma Goldman.

    Like

    Comment by Kleier — November 17, 2019 @ 11:14 am | Reply


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